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Wall Street sags, but ends off session lows; HP hits 52-week high
May 24, 2013 at 02:15 | Source: FirstPost
NEW YORK (Reuters) - U.S. stocks slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetar...
In Tokyo Fall, a Harsh Test for Strategies
May 24, 2013 at 02:00 | Source: Bloomberg
After a six-month gain of about 67% in the Nikkei average, Japan's market shows its fangs. The Nikkei 225 index fell 7.3 percent in one day, a stomach-churning drop made all the worse for the lack of an obvious cause. It could be anything fro...
Oil hits three-week low near $101 on China, Fed
May 24, 2013 at 02:00 | Source: FirstPost
LONDON (Reuters) - Oil fell to a three-week low near $101 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in U.S. Federal Res...
BlackBerry announces EMI schemes for Z10
May 24, 2013 at 01:31 | Source: Business Today
Smartphone maker BlackBerry on Thursday announced easy monthly instalment (EMI) schemes for its two models - BlackBerry Z10 and BlackBerry Curve 9220 - starting this weekend."Customers can now buy the BlackBerry Z10 via their credit cards by paying ...
CAD to worsen in June quarter: Nomura
May 24, 2013 at 01:31 | Source: Business Today
India's current account deficit is expected to show some improvement in the January-March period at 4-4.5 per cent of GDP, but is likely to worsen again in the current quarter due to sluggish exports, high gold demand and seasonal rise in imports, N...
Phaneesh Murthy scandal 2.0: Why how iGate made an error in hiring the CEO
May 24, 2013 at 01:31 | Source: Economic Times
You have to be, err, lucky to be Phaneesh Murthy. Ok, the first one was a mistake, a big one...everyone makes mistakes. But then, no one really lands up as a CEO and face of a company so quickly, within 18 months of being booted out by a blue-chip c...
U.S. shares volatile on uncertain growth outlook, dollar lower
May 24, 2013 at 01:30 | Source: FirstPost
NEW YORK (Reuters) - U.S. stocks and bonds were volatile on Thursday, alternating between steep losses and break-even levels as investors questioned the pace of economic growth and when the U.S. Federal Reserve's stimulus program would end.Overseas s...
HP supports Dow, limits S&P's loss in choppy trade
May 24, 2013 at 01:15 | Source: FirstPost
NEW YORK (Reuters) - U.S. stocks edged down on Thursday but rebounded sharply from their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its mo...
Wall Street mostly dips, but off lows with help from HP
May 24, 2013 at 00:45 | Source: FirstPost
NEW YORK (Reuters) - U.S. stocks mostly edged lower on Thursday but were sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its ...
Markets on a bull run: Will they beat history this time?
May 24, 2013 at 00:37 | Source: Business Today
Mahesh NayakEvery time the Bombay Stock Exchange Sensex touches 20,000, the first question everyone asks is: 'Are we on a bull-run?' Off the record, market pundits acknowledge that currently we are indeed on a bull run, but they will not say so on r...
Samsung Galaxy S4 notches up sales of 10 million units in a month of launch
May 24, 2013 at 00:37 | Source: DomainB
In less than a month of its global launch Samsung Electronics' Galaxy S4 had notched up sales of over 10 million units, outstripping its predecessors in first-month sales. The Galaxy S III hit the 10-million mark in 50 days following its launch in 2...
Tata Steel plunges into Rs6,529-cr Q4 loss
May 24, 2013 at 00:37 | Source: DomainB
Tata Steel plunged into a consolidated net loss of Rs6,528.51 crore in fiscal fourth quarter ended 31 March 2013 hit by weak demand and depressed steel prices in Europe, against a net profit of Rs433.46 crore in the comparable quarter of the previou...
Twitter rolls out two-step authentication after hack attacks
May 24, 2013 at 00:37 | Source: DomainB
Following several high profile hack attacks Twitter is finally rolling out a two-step authentication process to ensure a level of user security. The microblogging platform playing down account compromises as occasional occurrences in its announcemen...
Chidambaram allays fears of cheap money policy in US
May 24, 2013 at 00:37 | Source: DomainB
Finance minister P Chidambaram today tried to play down the relevance of a cheap money policy or quantitative easing by its major trading partners, including the US, EU, China and Japan, saying the situation prevailing in this country is different. ...
China manufacturing falls first time in seven months
May 24, 2013 at 00:37 | Source: DomainB
The flash HSBC Purchasing Managers' Index (PMI) for May declined to 49.6, sliding below the 50-point level separating contraction from expansion for the first time since October and triggering a sharp fall in Asian financial markets. China's factory...
Fidelity National, Thomas H Lee in talks to buy LPS for $2.9 bn
May 24, 2013 at 00:37 | Source: DomainB
Fidelity National Financial Inc, a Fortune 500 company, and private equity firm Thomas H Lee Partners are in advanced talks to buy mortgage service provider Lender Processing Services Inc (LPS) for around $2.9 billion, the Wall Street Journal today ...
UK's specialty pharma firm BTG spends $380 million on two acquisitions
May 24, 2013 at 00:37 | Source: DomainB
British specialty pharma company BTG Plc today agreed to spend $380 million on two acquisitions in order to create an interventional medicine business with potential sales of $1 billion. The London-based company will buy US-based Ekos Corp, a fast g...
Sensex cracks 387 as Japan falls; SBI, L&T lead losers
May 24, 2013 at 00:37 | Source: DomainB
Equity benchmarks plunged Thursday, as ripples of the crash in Japanese shares were felt across globe, with India being no exception. The mood was further soured by the weakness in the rupee and disappointing fourth quarter numbers from State Bank o...
Asian markets down on Bernanke comments, China manufacturing
May 24, 2013 at 00:37 | Source: DomainB
Asian markets were today rattled by hawkish comments by US Federal Reserve chairman Ben Bernanke as also reports of weak showing by China's manufacturing sector. The double shock sent stock prices down, the US dollar to three-year highs, and Japanes...
Stock futures sink, rattled by Fed, China data
May 24, 2013 at 00:37 | Source: Market Watch
NEW YORK (MarketWatch) — U.S. stock futures fell sharply on Thursday after Japanese equities plunged overnight, as fears over a tapering of the Federal Reserve’s bond-buying program and weak Chinese economic data sent investors fleeing from stoc...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
